Europe Automotive Tow Bars Market Forecast to 2030 - Regional Analysis - By Product (Fixed Tow Bars, Detachable Tow Bars, Retractable Tow Bars, and Others) and Vehicle Type (Passenger Cars and Commercial Vehicle)
The Europe automotive tow bars market was valued at US$ 1,886.91 million in 2022 and is expected to reach US$ 2,508.49 million by 2030; it is estimated to grow at a CAGR of 3.6% from 2022 to 2030.
Integration Smart technology Drives Europe Automotive Tow Bars Market
Smart tow bars equipped with wireless connectivity and remote-control capabilities make it easier for users to manage towing tasks. Users can control the tow bar from their smartphone or tablet, eliminating the need for manual adjustments and simplifying the hitching and unhitching process. In April 2023, Ford, renowned for producing top-selling F-Series trucks, unveiled groundbreaking technology that utilizes Artificial Intelligence (AI) to simplify the process of hitching a truck and trailer, making it as effortless as the push of a button. Manufacturers offering innovative and technologically advanced smart tow bars can differentiate themselves in a competitive market and attract tech-savvy consumers looking for modern towing solutions. The BYD launched Atto 3, an attractive compact electric SUV known for its sleek and sporty design, equipped with an array of advanced smart technologies and features. The BYD Atto 3 CL4, built from June 2022, is equipped with the Hayman Reese Class 4 tow bar. It is designed to fully capitalize on the vehicle's 750kg tow rating, making it a versatile choice that caters to a wide range of towing requirements. Additionally, this towbar installation benefits from the user-friendly SmartClick wiring harness, simplifying the towing process for added convenience and safety. Thus, the integration of smart technology with automotive tow bars is anticipated to offer promising opportunities for the Europe automotive tow bars market during the forecast period.
Europe Automotive Tow Bars Market Overview
Germany, France, the UK, and Italy are among the major countries in Europe. In Europe, the automotive industry is important for the region's prosperity. To reinforce the competitiveness of the region's automotive sector and preserve its global technological leadership, the European Commission aids global technological organizations offers to fund R&D. The region is the leading producer of passenger vehicles, and several premium passenger vehicle manufacturers are based in the region such as Ford of Europe, Hyundai Motor Europe, Iveco, and Volkswagen. The European Automobile Manufacturers' Association, or ACEA, stated in 2021 that vehicle production in Europe was 16.24 million units. The growing production of commercial and passenger vehicles is likely to surge the demand for automotive tow bars. In the region, caravans are becoming increasingly popular with holidaymakers; by sourcing a caravan tow bar, one can then have the option of towing an additional trailer, for instance, which could house anything, such as sports equipment, motorbikes, larger electrical goods, and smaller vehicles. Thus, this factor is fueling the growth of the market.
Europe Automotive Tow Bars Market Revenue and Forecast to 2030 (US$ Million)
Europe Automotive Tow Bars Market Segmentation
The Europe automotive tow bars market is segmented based on product, vehicle type, and country.
Based on product, the Europe automotive tow bars market is segmented into fixed tow bars, detachable tow bars, retractable tow bars, and others. The detachable tow bars segment held the largest share in 2022.
In terms of vehicle type, the Europe automotive tow bars market is bifurcated into passenger cars and commercial vehicle. The passenger cars segment held a larger share in 2022.
Based on country, the Europe automotive tow bars market is categorized into Germany, France, Italy, the UK, Russia, DACH (Exl. Germany), Benelux, Nordic, Iberia, Poland, and the Rest of Europe. Germany dominated the Europe automotive tow bars market in 2022.
BOSAL Group, Brink Group, ORIS, PCT Automotive Limited, Alois Kober GMBH, and GDW NV are some of the leading companies operating in the Europe automotive tow bars market.
Table of Content
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Automotive Tow Bars Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 Manufacturers
4.2.2 Wholesalers
4.2.3 Distributors and Retailers
4.2.4 Installation Service Providers
4.2.5 After Service Segment
5. Europe Automotive Tow Bars Market - Key Industry Dynamics
5.1 Market Drivers
5.1.1 Increased Automotive Production
5.1.2 Growing Popularity of Foldable and Retractable Tow Bars
5.1.3 Tow Bars Serve as an Optimum Towing Equipment
5.2 Market Restraints
5.2.1 Preference for Rental Towing Services
5.2.2 High Cost of Automotive Tow Bars
5.3 Market Opportunities
5.3.1 Integration Smart technology
5.3.2 Growth of the E-Commerce Industry
5.4 Future Trends
5.4.1 Integration Of Swivelling Mechanism with Conventional Tow Bars
5.5 Impact of Drivers and Restraints:
6. Automotive Tow Bars Market - Europe Market Analysis
6.1 Europe Automotive Tow Bars Market Revenue (US$ Million), 2022 - 2030
6.2 Europe Automotive Tow Bars Market Forecast and Analysis
7. Europe Automotive Tow Bars Market Analysis - Product
7.1 Overview
7.1.1 Europe Automotive Tow Bars Market, By Product (2022 and 2030)
7.2 Retractable Towbar
7.2.1 Overview
7.2.2 Retractable Towbar Market, Revenue and Forecast to 2030 (US$ Million)
7.3 Detachable Tow Bars
7.3.1 Overview
7.3.2 Detachable Tow Bars Market, Revenue and Forecast to 2030 (US$ Million)
7.4 Fixed Tow Bars
7.4.1 Overview
7.4.2 Fixed Tow Bars Market Revenue, and Forecast to 2030 (US$ Million)
7.5 Others
7.5.1 Overview
7.5.2 Others Market Revenue, and Forecast to 2030 (US$ Million)
8. Europe Automotive Tow Bars Market Analysis - Vehicle Type
8.1 Overview
8.1.1 Europe Automotive Tow Bars Market, By Vehicle type (2022 and 2030)
8.2 Passenger Cars
8.2.1 Overview
8.2.2 Passenger Cars Market Revenue, and Forecast to 2030 (US$ Million)
8.3 Commercial Vehicles
8.3.1 Overview
8.3.2 Commercial Vehicles Market Revenue, and Forecast to 2030 (US$ Million)
9. Europe Automotive Tow Bars Market - Country Analysis
9.1 Europe
9.1.1 Overview
9.1.2 Europe Automotive Tow Bars Market Breakdown, by Country - Revenue (2022) (US$ Million)
9.1.3 Europe Automotive Tow Bars Market Revenue and Forecasts and Analysis - By Country
9.1.3.1 Europe Automotive Tow Bars Market Revenue and Forecasts and Analysis - By Country
9.1.3.2 Germany Automotive Tow Bars Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.3.2.1 Germany Automotive Tow Bars Market Breakdown by Product
9.1.3.2.2 Germany Automotive Tow Bars Market Breakdown by Vehicle Type
9.1.3.3 France Automotive Tow Bars Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.3.3.1 France Automotive Tow Bars Market Breakdown by Product
9.1.3.3.2 France Automotive Tow Bars Market Breakdown by Vehicle Type
9.1.3.4 Italy Automotive Tow Bars Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.3.4.1 Italy Automotive Tow Bars Market Breakdown by Product
9.1.3.4.2 Italy Automotive Tow Bars Market Breakdown by Vehicle Type
9.1.3.5 UK Automotive Tow Bars Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.3.5.1 UK Automotive Tow Bars Market Breakdown by Product
9.1.3.5.2 UK Automotive Tow Bars Market Breakdown by Vehicle Type
9.1.3.6 Russia Automotive Tow Bars Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.3.6.1 Russia Automotive Tow Bars Market Breakdown by Product
9.1.3.6.2 Russia Automotive Tow Bars Market Breakdown by Vehicle Type
9.1.3.7 DACH Automotive Tow Bars Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.3.7.1 DACH Automotive Tow Bars Market Breakdown by Product
9.1.3.7.2 DACH Automotive Tow Bars Market Breakdown by Vehicle Type
9.1.3.8 BENELUX Automotive Tow Bars Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.3.8.1 BENELUX Automotive Tow Bars Market Breakdown by Product
9.1.3.8.2 BENELUX Automotive Tow Bars Market Breakdown by Vehicle Type
9.1.3.9 NORDIC Automotive Tow Bars Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.3.9.1 NORDIC Automotive Tow Bars Market Breakdown by Product
9.1.3.9.2 NORDIC Automotive Tow Bars Market Breakdown by Vehicle Type
9.1.3.10 Iberia Automotive Tow Bars Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.3.10.1 Iberia Automotive Tow Bars Market Breakdown by Product
9.1.3.10.2 Iberia Automotive Tow Bars Market Breakdown by Vehicle Type
9.1.3.11 Poland Automotive Tow Bars Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.3.11.1 Poland Automotive Tow Bars Market Breakdown by Product
9.1.3.11.2 Poland Automotive Tow Bars Market Breakdown by Vehicle Type
9.1.3.12 Rest of Europe Automotive Tow Bars Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.3.12.1 Rest of Europe Automotive Tow Bars Market Breakdown by Product
9.1.3.12.2 Rest of Europe Automotive Tow Bars Market Breakdown by Vehicle Type
10. Industry Landscape
10.1 Overview
10.2 Market Initiative
10.3 New Product Development
10.4 Merger and Acquisition
11. Company Profiles
11.1 BOSAL Group
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Brink Group
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 ORIS
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 PCT Automotive Limited
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Alois Kober GMBH
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 GDW NV
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Word Index
List of Tables
Table 1. Europe Automotive Tow Bars Market Segmentation
Table 2. Europe Automotive Tow Bars Market Revenue and Forecasts To 2030 (US$ Million)
Table 3. Europe Automotive Tow Bars Market Revenue and Forecasts To 2030 (US$ Million) - Product
Table 4. Europe Automotive Tow Bars Market Revenue and Forecasts To 2030 (Units) - Product
Table 5. Europe Automotive Tow Bars Market Revenue and Forecasts To 2030 (US$ Million) - Vehicle type
Table 6. Europe Automotive Tow Bars Market Revenue and Forecasts To 2030 (US$ Mn) - By Country
Table 7. Germany Automotive Tow Bars Market Revenue And Forecasts To 2030 (US$ Mn) - Product
Table 8. Germany Automotive Tow Bars Market Volume And Forecasts To 2030 (Units) - Product
Table 9. Germany Automotive Tow Bars Market Revenue And Forecasts To 2030 (US$ Mn) - Vehicle Type
Table 10. France Automotive Tow Bars Market Revenue And Forecasts To 2030 (US$ Mn) - Product
Table 11. France Automotive Tow Bars Market Volume And Forecasts To 2030 (Units) - Product
Table 12. France Automotive Tow Bars Market Revenue And Forecasts To 2030 (US$ Mn) - Vehicle Type
Table 13. Italy Automotive Tow Bars Market Revenue And Forecasts To 2030 (US$ Mn) - Product
Table 14. Italy Automotive Tow Bars Market Volume And Forecasts To 2030 (Units) - Product
Table 15. Italy Automotive Tow Bars Market Revenue And Forecasts To 2030 (US$ Mn) - Vehicle Type
Table 16. UK Automotive Tow Bars Market Revenue And Forecasts To 2030 (US$ Mn) - Product
Table 17. UK Automotive Tow Bars Market Volume And Forecasts To 2030 (Units) - Product
Table 18. UK Automotive Tow Bars Market Revenue And Forecasts To 2030 (US$ Mn) - Vehicle Type
Table 19. Russia Automotive Tow Bars Market Revenue And Forecasts To 2030 (US$ Mn) - Product
Table 20. Russia Automotive Tow Bars Market Volume And Forecasts To 2030 (Units) - Product
Table 21. Russia Automotive Tow Bars Market Revenue And Forecasts To 2030 (US$ Mn) - Vehicle Type
Table 22. DACH Automotive Tow Bars Market Revenue And Forecasts To 2030 (US$ Mn) - Product
Table 23. DACH Automotive Tow Bars Market Volume And Forecasts To 2030 (Units) - Product
Table 24. DACH Automotive Tow Bars Market Revenue and Forecasts To 2030 (US$ Mn) - Vehicle Type
Table 25. BENELUX Automotive Tow Bars Market Revenue and Forecasts To 2030 (US$ Mn) - Product
Table 26. BENELUX Automotive Tow Bars Market Volume And Forecasts To 2030 (Units) - Product
Table 27. BENELUX Automotive Tow Bars Market Revenue And Forecasts To 2030 (US$ Mn) - Vehicle Type
Table 28. NORDIC Automotive Tow Bars Market Revenue And Forecasts To 2030 (US$ Mn) - Product
Table 29. NORDIC Automotive Tow Bars Market Volume And Forecasts To 2030 (Units) - Product
Table 30. NORDIC Automotive Tow Bars Market Revenue And Forecasts To 2030 (US$ Mn) - Vehicle Type
Table 31. Iberia Automotive Tow Bars Market Revenue And Forecasts To 2030 (US$ Mn) - Product
Table 32. Iberia Automotive Tow Bars Market Volume And Forecasts To 2030 (Units) - Product
Table 33. Iberia Automotive Tow Bars Market Revenue And Forecasts To 2030 (US$ Mn) - Vehicle Type
Table 34. Poland Automotive Tow Bars Market Revenue And Forecasts To 2030 (US$ Mn) - Product
Table 35. Poland Automotive Tow Bars Market Volume And Forecasts To 2030 (Units) - Product
Table 36. Poland Automotive Tow Bars Market Revenue And Forecasts To 2030 (US$ Mn) - Vehicle Type
Table 37. Rest of Europe Automotive Tow Bars Market Revenue And Forecasts To 2030 (US$ Mn) - Product
Table 38. Rest of Europe Automotive Tow Bars Market Volume And Forecasts To 2030 (Units) - Product
Table 39. Rest of Europe Automotive Tow Bars Market Revenue And Forecasts To 2030 (US$ Mn) - Vehicle Type
Table 40. List of Abbreviation
List of Figures
Figure 1. Europe Automotive Tow Bars Market Segmentation, By Country
Figure 2. Ecosystem: Europe Automotive Tow Bars Market
Figure 3. Europe Automotive Tow Bars Market - Key Industry Dynamics
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. Europe Automotive Tow Bars Market Revenue (US$ Million), 2022 - 2030
Figure 6. Europe Automotive Tow Bars Market Share (%) - Product, 2022 and 2030
Figure 7. Retractable Towbar Market Revenue and Forecasts To 2030 (US$ Million)
Figure 8. Detachable Tow Bars Market Revenue and Forecasts To 2030 (US$ Million)
Figure 9. Fixed Tow Bars Market Revenue and Forecasts To 2030 (US$ Million)
Figure 10. Others Market Revenue and Forecasts To 2030 (US$ Million)
Figure 11. Europe Automotive Tow Bars Market, By Vehicle type (2022 and 2030)
Figure 12. Passenger Cars Market Revenue and Forecasts To 2030 (US$ Million)
Figure 13. Commercial Vehicles Market Revenue and Forecasts To 2030 (US$ Million)
Figure 14. Europe Automotive Tow Bars Market, by Key Country - Revenue (2022) (US$ Million)
Figure 15. Automotive Tow Bars Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 16. Germany Automotive Tow Bars Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 17. France Automotive Tow Bars Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 18. Italy Automotive Tow Bars Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 19. UK Automotive Tow Bars Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 20. Russia Automotive Tow Bars Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 21. DACH Automotive Tow Bars Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 22. BENELUX Automotive Tow Bars Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 23. NORDIC Automotive Tow Bars Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 24. Iberia Automotive Tow Bars Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 25. Poland Automotive Tow Bars Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 26. Rest of Europe Automotive Tow Bars Market Revenue and Forecasts To 2030 (US$ Mn)
1. BOSAL Group
2. Brink Group
3. ORIS
4. PCT Automotive Limited
5. Alois Kober GMBH
6. GDW NV
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Europe automotive tow bars market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
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- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the market, as well as those hindering it.
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